It has been a long time coming, but I have finally completed my training, and have registered with the State as a Registered Investment Advisor.  My new firm, Pennsylvania Physician Advisors, Inc., will focus on the unique financial issues faced by Pennsylvania physicians.  I feel that personal financial planning for physicians will mesh very nicely with my law practice, which concentrates on the legal representation of physicians.

          Physicians are working harder to make less.  They are exposed to increasingly aggressive plaintiffs’ attorneys, diminishing returns from health insurers, and mounting demands from bottom-line oriented hospital administrators.  Because of the time constraints they work under, they frequently do not have adequate time to assure that their financial health is protected.

With an appropriate financial plan, physicians can rest assured that their income and assets are protected, and that their financial goals will be met.

Physicians simply do not have time to educate themselves about the intricacies of tax planning or asset protection.  They frequently fall prey to commissioned salespeople eager to sell products, who do not have their best interests at heart.  Because of the rapidly evolving health care environment and their advisors’ general lack of knowledge about their specific problems, the financial health of physicians is rarely as good as it should be or could be.

Physicians need a trusted advisor with all relevant information about them.  In this way, a holistic approach to their financial health can give them peace of mind and allow them to focus on the practice of medicine.

          I will meet extensively with each physician to understand his or her individual situation, and to review insurance, taxes, estate planning, and investments on a holistic basis. 

          To learn more about this process, please visit www.PaPhysicianAdvisors.com